Is Wanxin Media a state-owned enterprise?

Wanxin Media is not a state-owned enterprise. Wanxin Media is an enterprise focusing on publishing and distribution. It is mainly engaged in the wholesale and retail of teaching materials, general books and audio-visual products. On January 5, 2010, Wanxin Media shares were issued.

In December 2015, Wanxin Media released a non-public issuance plan. The total amount of funds raised through the non-public issuance of stocks is expected to be no more than 2 billion yuan, which will be used for the "intelligent learning all-media platform" and "smart bookstore operations" Platform", investing 1.75 billion yuan and 250 million yuan respectively.